WANBTC formed double top formation with bearish RSI and MACD divergence. Volume is also getting lower and lower, there is simply no buying pressure anymore. Targets are blue lines.
Trade active
First target has been reached in just 30 minutes. Trade is active.Trade active
Target 2 has been reached.Trade active
WANBTC has reached 3. target and almost touched the final target with that negative momentum but bounced back with a decent volume for now. Below in the image you can see how my targets and MA50(purple line) behaved like support and resistance during the price movements.Trade closed: target reached
All targets have been reached. If WAN breaks down through the last target, I am expecting it to reach 0.00013 area. That might be a good buy opportunity for the future.Note
Really low buy volume, strong sell pressure on this coin. I am expecting it to reach 0.0001, beware and trade carefully.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.